SATANG JAYA MD, TWO DIRECTORS CHARGED WITH SUBMITTING FALSE STATEMENTS TO BURSA
Bernama
Bernama - 1 hour 56 minutes ago
KUALA LUMPUR, Dec 4 (Bernama) -- Satang Jaya Holdings Bhd managing director and two directors pleaded not guilty in the Sessions Court here today to four counts of submitting false statements to Bursa Malaysia Securities Bhd.
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Datuk Jamaluddin Hassan, 48, Hakim Sukirman, 49, and Gan Chin Sam, 50, were alleged to have committed the offences in the company's quarterly reports between Feb 28 and Nov 30, 2007.
The charge under Section 122B(b)(bb) of the Securities Industry Act 1983 carries a maximum jail term of 10 years or fine RM3 million or both if convicted.
Judge S.M. Komathy Suppiah fixed April 13 for remention and allowed Jamaluddin bail of RM250,000 although Deputy Public Prosecutor Amy Ling Huoy Yi asked for RM800,000 with two sureties saying that the offence was serious.
Jamaluddin was told to surrender his passport to the court.
Ling also recommended to the court to impose RM500,000 bail on Hakim and Gan each but the judge reduced it to RM200,000 with two sureties for Hakim and RM300,000 with one surety for Gan.
Both were ordered to report to the Securities Commission every month.
Jamaluddin and Hakim were represented by Atan Mustaffa Yusof while Ng Aik Guan Francis acted for Gan.
-- BERNAMA
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